News Snapshot:
Most Read China Evergrande says property services unit seeks to raise up to $2 bln in IPO HONG KONG, Nov 23 (Reuters) - China Evergrande Group said on Monday its property management unit is seeking to raise up to HK$15.8 billion ($2.04 billion) in an initial public offering (IPO), a plan likely to help improve cash flow at the debt-laden property developer. Market concern has mounted in recent weeks that Evergrande - whose borrowings totalled 835.5 billion yuan ($123.93 billion) at the end of June - was headed for a cash crunch. The offer price for shares in Evergrande Property...
